Hamilton, Richmond - September 2026 Real Estate Report

Hamilton, Richmond Real Estate: What Your Neighbour Hasn't Told You Yet

If you own a home in Hamilton, Richmond and you're still looking at your city assessment to figure out what your place is worth - stop. That number is already old news. Here's what's actually happening on the ground right now.

The Vibe: Where Hamilton Stands Today

The honest summary? Hamilton is holding its own, but it's not a runaway market right now. The neighbourhood saw 15 property transactions in 2026 across 1,392 assessed properties, and overall growth dipped a modest 0.08% year over year. Think of it as the market taking a breather - not falling apart, just catching its breath.

On the neighbourhood leaderboard, Hamilton ranks 6th in Richmond for total transactions. That's real activity. People are still buying and selling here.

Houses: The Stronger Half of the Story

If we're talking houses, this is where Hamilton looks pretty solid. Here's the quick snapshot:

• Average HonestDoor Price: $1,202,860
• Predicted Market Value: $1,224,949
• Average Sale Price (2026): $824,667
• Price Per Square Foot: $617
• Properties Sold Recently: 3
• Estimated Monthly Rent: $4,760
• Rental Yield: 4.48%
• Airbnb Potential: $236 per month
• Growth Rank: 3 out of 15 in Richmond
• Price Rank: 12 out of 13 in Richmond (one of the more affordable options)

That growth rank is the number to pay attention to. Sitting 3rd out of 15 comparable neighbourhoods means Hamilton houses are outperforming most of Richmond on momentum. And compared to nearby Queensborough, where houses sold at $675,000, Hamilton's $824,667 average sale price shows buyers are willing to pay more to be here.

The one flag worth watching: the predicted value of $1,224,949 is just slightly below the 3-month moving average of $1,225,919. It's a small dip - barely a rounding error - but it tells us the house market isn't accelerating right now. Steady, not surging.

Condos: A Rougher Ride

We'll be straight with you - the condo picture in Hamilton is tougher. Here's where things sit:

• Average HonestDoor Price: $544,016 (down 5.68% from last period)
• Predicted Market Value: $576,782
• 3-Month Moving Average: $635,714
• Average Sale Price (2026): $595,000
• Price Per Square Foot: $606
• Properties Sold Recently: 1
• Estimated Monthly Rent: $2,814
• Rental Yield: 3.68%
• Airbnb Potential: $140 per month
• Growth Rank: 15 out of 15 in Richmond

That growth rank - last place out of 15 - is a real signal. Condo values here have shifted -20.60% recently, and the predicted value has dropped well below the 3-month moving average. For context, nearby Annacis Island condos are predicted at $652,775, which is noticeably higher. If you own a condo in Hamilton right now, this data matters for your decisions.

The silver lining? Hamilton condos rank 5th out of 13 in Richmond for price - meaning they're above average in value compared to the broader market. The demand just isn't keeping pace with that pricing right now.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here's the thing about your city assessment: it's a snapshot from the past. It doesn't know what sold last month, what buyers are actually offering right now, or how your street compares to the one two blocks over today.

The HonestDoor Price is the real-world check. For houses in Hamilton, the average assessed value sits at $1,158,753 - but the average HonestDoor Price is $1,202,860. That's a gap of 3.81%. On a property worth over a million dollars, that difference isn't small change. It's the difference between pricing your home right and leaving money on the table - or scaring buyers off with a number that doesn't reflect reality.

The HonestDoor Price updates in real time. Your assessment does not. That's the whole point of checking it now, not in six months when the city gets around to it.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Hamilton and you're weighing a summer sale, the timing has some logic to it. You're in a neighbourhood that ranks 3rd in Richmond for growth - that's a story you can tell buyers. The HonestDoor Price gives you a current, defensible number to anchor your listing. And with only 3 houses selling recently, inventory is tight, which generally works in a seller's favour.

The honest advice: price it based on the HonestDoor Price, not the assessment. The $1,202,860 average gives you a realistic ceiling to work from. Buyers are doing their homework - and they're using tools like HonestDoor too.

If you own a condo, the summer calculus is harder. A -20.60% recent value shift and a last-place growth rank in Richmond means the market isn't rewarding patience right now. If selling is on your radar, waiting for conditions to improve is a gamble. Getting a current HonestDoor Price on your specific unit - not the neighbourhood average - is the first smart move before you decide anything.

Bottom line: Hamilton is a neighbourhood with real strengths on the house side and real headwinds on the condo side. Know which camp you're in, get your current number, and make the call with actual data behind you.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.